Source. Crypto info.com
What is Ethereum?
Ethereum is a decentralized software platform that is ideal for running Smart Contracts. A smart contract behaves like a self-operating computer program that automatically executes when specific conditions are met and can run without any possibility of downtime, user fraud or third party interference. Ethereum is how the internet itself would ideally work- censorship proof and at the scale of the entire planet, where users stay in complete control of their own data and funds.
Ethereum was created in 2014 and backed with a crowd funding effort that raised over $18 million. Hundreds of cryptocurrency tokens exist on the Ethereum blockchain and it was instrumental in the gain in popularity of cryptocurrencies in 2017.
The Ethereum platform is used by developers to build new kinds of decentralized Apps, which are aimed at solving novel problems and providing new way of using the internet- such as allowing the easy creation of digital assets, uncensorable web Apps the building of decentralized organizations. Anyone can freely connect to the Ethereum network from anywhere in the world.